The famed toy megastore that every parent dreads driving by with their children — Toys ‘R’ Us — has filed for bankruptcy so that a judge can grant them permission to borrow money for the purchasing of Lego and Barbie doll toys this holiday season.
According to Reuters, the Chapter 11 filing seeks to restructure “$5 billion of long-term debt” and is among “the largest ever by a specialty retailer and casts doubt over the future of the company’s 64,000 employees and nearly 1,600 stores.”
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